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The following examples illustrate what occurs during the cash sweep process Entity STIFDEMO, a USD dollar based fund, is set to sweep cash into a US dollar based STIF security.



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Day 1

At the time of the Cash Sweep, Entity STIFDEMO:
  • Has a positive (Debit Balance) of $100,000.00 Settled USD Cash balance.
  • A $50,000.00 debit pending USD cash settlements due to settle on Day 2.
  • The sweep process is run and a purchase of STIF for 100,000 Par at $1 (total of $100,000) is generated and settled.
  • Once the sweep has been processed, the portfolio has a 0 Settled Cash Balance, but still has a $50,000 Unsettled USD Cash balance.
The following table shows Balances before the sweep process.

Day 2

Day 3

Day 4